Crunch Fitness recently acquired two facilities in New York City. The New York-based company acquired a Club H facility in April, and in June, it acquired a Gold’s Gym facility. These facilities are the 10th and 11th Crunch locations in New York City and 42nd and 43rd locations worldwide.
"We’ve been poised for growth in the marketplace for quite some time, so it’s exciting to finally see our vision become a reality," Keith Worts, president of Crunch, said in a release. "New York City is the heart and soul of our brand, and we’re thrilled to expand our footprint across the city we call home."
During the next 90 days, Crunch will complete $300,000 in renovations for the former Gold’s 25,000-square-foot, three-level location.
Crunch, which is owned by private equity firm Angelo Gordon and New Evolution Ventures, has opened more than 20 Crunch locations in the past two years. The company says it will announce additional expansion plans this summer.